Market and Product InsightsPhotonic integrated circuit market is
a sophisticated integrated circuit incorporating multiple optical
devices/functions into a unique optical package. The main difference between a
photonic integrated circuit and an electronic circuit is that photonic ICs use
photons as data carriers unlike electronic ICs which use electrons for
transferring data. In addition, a photonic integrated circuit is analogous to
electronic integrated circuits. The photonic integrated circuits (PIC) market
is still in the nascent stage and is poised to offer immense growth potential
during the predict period 2015 – 2022.

Competitive Insights
The global photonic integrated circuits (PIC) market is highly fragmented and
competitive. The top four players in the photonic integrated circuits (PIC)
market accounted for less than forty five percent of the global market revenue
share in 2014. Some of the leading players identified in the photonic
integrated circuits (PIC) ecosystem include Infinera Corporation (the U.S.),
JDS Uniphase Corporation (the U.S.), Alcatel-Lucent S.A. (France), NeoPhotonics
Corporation (the U.S.), Huawei Technologies Co. Ltd (China), Intel Corporation
(the U.S.), and Avago Technologies Ltd. (Singapore). In addition, the photonic
IC market is characterized by the presence of large number of small players,
accounting for trivial market share individually. Some of these players include
including Ciena Corporation (the U.S.), Finisar Corporation (the U.S.),
Mellanox Technologies Ltd. (Israel) and Luxtera Inc (the U.S.) among others.
Competition among existing market players is comparatively high owing to the
fragmented nature of the industry. Manufacturers compete on the basis of
product innovation and technology differentiation. As such, manufacturers are
increasingly focused towards research and development activities. Thus, the
intensity of competition in the market is expected to remain high throughout
the predict period 2015 – 2022.

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